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BMX - BeMax Resources

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chicken said:
Intresting see yesterdays news.....from WA.....looking good
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If there is anything that is going to look good about a listed stock, it is the price. Price determines if it is good or bad to use such terminology. Anything else is wishful thinking or ramping.
 
chicken said:
Intresting see yesterdays news.....from WA.....looking good
Click to expand...

Yep - another announcement for BMX and the market again went wild!!!!!!!! ..........(or they would of I'm sure, had they even noticed). I can't help but feel that it is a good deal.........but for OLY!!

My consolation at this point is that if there is a huge correction in the resource sector - BMX won't have very lofty heights to fall from. There would be red everywhere and I'm reckon BMX would just keep plugging away at 26.5c...27c ...26.5c...26c...26.5...27c....27.5c.

Duckman
 
The positive divergence apparent in a long term and short term Detrended Price Oscillator suggest some upward movement in the share price is possible. Look for both indicators to cross above zero. Its all lining up for the price to break the longer term downtrend and the 9 week DTO to cross zero both at about the same time - if the DTO respects zero and turns back, well, that could be construed as bad
 

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Heres another way to look at it, with less oscillators, on the weekly chart.

Its forming a wedge, or is it continuing down the channel...we should soon find out. It will require some volume this week to break through the channel and out of the wedge. Sellers however have backed off as the price has risen on good volume last week and then so far this week. So weaker hands could be through with it for now.

It would be good to see it cross the 30 ema for some confirmation too.

Cheers,
 

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And another view, note MACD diverging across signal line. Good signal.
 

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Kenna's

One of the most sideways ones I have seen.
Must be an absolutely frustrating one to hold and a minor miracle if it actually gets some upward slope to the graph enabling double digit return. . Share holders would wet themselves, do seem a bit of a bargain though fundamentally.
 
Yeah, its been going that way and down for quite a while. Is it about to turn around? Those last few trading days look positive. If it breaks $0.28 might be more interesting.
 

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Sidways trading can often produce some pretty good trends....not always up though. As Kennas also pointed out though, price action is suggesting a move up....wiat and watch.

Cheers,
 
Although I am hesitant to say, I bought this a week into October, just a value pick really and got in at the 27.5c support.

As luck would have it (a few days later) that broke and it spiked to 25c with a quick rebound, first time in about a month, lol. My stop got hit at 26c and I lost 800 bucks (plus brokerage), on the sideways donkey from hell.

I'll stay away thanks.
 
I don't think this stock will move till we get near the half year report.
 
Switched horses, or was it bear to bull and added a few shares this morning. Hopefully the selling pressure has been overdone and news of late is fairly good and hopefully will improve further.
 
noirua said:
Switched horses, or was it bear to bull and added a few shares this morning. Hopefully the selling pressure has been overdone and news of late is fairly good and hopefully will improve further.
Click to expand...

Moving on now in good trading. Nothing much has changed just market sentiment, hopefully.
 
When all the Weak hands have sold off, then the stock will perform again !

I think

Bob.
 
BMX are still bobbling around in the 26c - 28c range. Looks to have a definite floor now as they trade at 28c.
 
I've got a price alert on this one, if it breaks through .295 i'll have another look at it.

Cheers,
 
noirua said:
BMX are still bobbling around in the 26c - 28c range. Looks to have a definite floor now as they trade at 28c.
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Lot of volume today. Trying hard to break through.
 
It appears to have found buyers lower down, interesting to see how this performs if it breaks out of the downtrend strongly, pullbacks are generally safer to buy into in case there's a false break imo. Disclosure: this is my monthly tipping comp pick!
 
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